Inheritance tax is a tax levied on the transfer of money or property after the owner’s death. Although international law establishes distinctions between the two, it is commonly referred to as “estate tax.”
A commonly asked question is ‘How much money can you inherit before you have to pay taxes in the UK?’ Well, within the UK the standard tax rate for inheritance tax is 40%, but this is only charged when the estate is over the tax-free threshold of £325,000.
Inheritance tax or IHT can be quite a sensitive subject for many families and individuals, yet it is an important area that should be planned and thought out with the support of IHT specialists. We have a team of experts that can work with you to help you reduce or avoid IHT in a number of ways you may not of considered.
How to reduce your IHT bill for your family:
- Make a gift to your partner/spouse
- Give money to a family member and or friends
- Leave money to charity
- Take out life insurance
If you would like to talk through these options with one of the team, get in touch.
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Within our professional restructuring and insolvency team we have a plethora of experience in assisting companies, creditors, and individuals' concerns.
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James Robinson Director - Forma London
Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!
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Andrew Martin Managing Director - AMD Interior Architecture
Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.
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Simon Cushing Founder - Vivid Finishes
We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.
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Peter Horlock Managing Director - Prime Time Boilers
I have been with Nordens for many years now and they are a great accountants.
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Tony Charles Founder - Foundation Sports Limited
A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.
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Dave Hodges Director - Linekers
Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We ha...
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Christopher Wilce Founder - Dataphone
Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also...
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James Aconley Principal - Pauline Quirke Academy
Great accountants, always available to offer advice. The team have transformed my business.
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Rebecca Bossick Founder & Director - Physio LDN
Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.
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Simon Rose Director - Rose Opticians
I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation
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Jamie Brown Co-Founder - Chicmi Limited
Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.
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Chris Dyer Director - Metro Bank
Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.
